facebook
Traded Co logo
Submit
Daily limit: 0/10

Michael Horwitz Of Cross Street Real Estate Represents Buyer In Chicago Multifamily Sale For $1.025M

Property Image
SOLD
$1,025,000

Illinois

See Similar Deals
MultiFamily
Sold 09/03/2024
the dealplayerscompscontact
Property Image
SOLD

Michael Horwitz Of Cross Street Real Estate Represents Buyer In Chicago Multifamily Sale For $1.025M

2220 West Giddings Street

See Similar Deals
MultiFamily
Sold 09/03/2024
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The two-flat property at 2220 West Giddings Street in Chicago is a multifamily asset that sold for $1,025,000. The all-brick building features a 5-bedroom/2-bath duplex down and a 3-bedroom/1-bath unit on the top floor, offering versatile living or investment options in the Lincoln Square neighborhood.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,025,000
  • Address: 2220 West Giddings Street
  • Market: Chicago
  • Buyer's Representative: Michael Horwitz - Cross Street Real Estate
  • Seller's Representatives: David Miller & Daniel Close - Redfin

Michael Horwitz represented the buyer in this transaction, while the seller was represented by David Miller and Daniel Close, both of whom are affiliated with Redfin. The deal reflects a successful collaboration between the representatives and showcases the dynamics of the local real estate market.

Players

Daniel Close
4 deals$3.1M volume
BROKER

Michael Horwitz
3 deals$5M volume
BROKER

 David Miller
Redfin
1 deal$1M volume(847) 722-6781
BROKER

Details

SOLD
IMAGE: Daniel Close, Michael Horwitz & David Miller DATE: 09/03/2024 ADDRESS: 2220 West Giddings Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Michael Horwitz (@Horwitz) - Cross Street Real Estate SELLER'S REP: David Miller & Daniel Close - Redfin (@RedfinRealEstate) SALE PRICE: $1,025,000 NOTE: The two-flat property at 2220 West Giddings Street in Chicago sold for $1.025M, with Michael Horwitz of Cross Street Real Estate representing the buyer and David Miller & Daniel Close of Redfin representing the seller. The all-brick building features a 5-bedroom/2-bath duplex down and a 3-bedroom/1-bath unit on the top floor, combining vintage charm with modern updates and offering versatile living or investment options in Lincoln Square.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28